Ramsey Ward Electric Co.
How we got $2.9M
Based on its 38 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 22 years (since 2004)
From public records and the company's website, not a statement that it's for sale.
What they do
Ramsey Ward Electric Co. is an electrical contractor in Ardmore, OK offering commercial and industrial electrical repairs, installations, upgrades, and design services. It describes serving commercial property owners and managers and industrial projects.
From the company's website. Industry: Electricians.
Estimated value over time
▲ 22% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| RAMSEY WARD ELECTRIC CO. this business | $10.4M | — |
| SHRADER ELECTRIC INC. Ardmore · 6 employees | $1.5M | 0.2 mi |
| TOP TECH HEAT & AIR INC Ardmore · 12 employees | $2.9M | 0.2 mi |
| SERVICE PLUMBING CO. INC Ardmore · 6 employees | $1.9M | 0.3 mi |
| VERNON'S PLUMBING, HEATING & AIR CONDITIONING, INC. Ardmore · 26 employees | $9.2M | 0.3 mi |
| VERNONS PLUMBING HEATING & AIR CONDITIONING INC Ardmore · 24 employees | $8.8M | 0.3 mi |
| Allstar Plumbing & Rooter Llc Ardmore | $1.9M | 0.4 mi |
The full calculation
| Employees reported to the SBA | 38 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $10.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $7.6M |
| Estimate: the two combined (geometric mean) | $10.4M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $969K |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $2.9M |
| Multiple for this size and industry | 3× |
| Value range | $1.5M – $4.0M |
| Revenue range | $6.8M – $11.9M |
| EBITDA range | $638K – $1.1M |
| Industry (NAICS) | Electrical Contractors and Other Wiring Installation Contractors (238210) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
“Our company, Ramsey Ward Electric Co Inc, was founded over half of a century ago on the principles of honesty, integrity, and quality electrical services.”
Advisors
- BankingPeoples Bank and Trust CompanyPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| Peoples Bank and Trust Company PPP 2020, PPP 2021 | All 320 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $281K | 30 |
| 4/2/2021 | second | $281K | 38 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Ramsey Ward Electric Co.
Ramsey Ward Electric Co. is an electricians company in Ardmore, Oklahoma, in business since 2004. Its estimated annual revenue is about $10.4M, with roughly $969K of EBITDA. It has about 38 employees. Its estimated business value is $2.9M (likely range $1.5M–$4.0M).
Common questions
- Who owns Ramsey Ward Electric Co.?
- The owner of Ramsey Ward Electric Co. isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Ramsey Ward Electric Co. make?
- SeeBITDA estimates Ramsey Ward Electric Co.'s annual revenue at about $10.4M (likely between $6.8M and $11.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Ramsey Ward Electric Co. worth?
- About $2.9M, roughly 3× its estimated EBITDA of $969K, typical for a electricians company its size. Likely range: $1.5M–$4.0M.
- How many employees does Ramsey Ward Electric Co. have?
- About 38, as reported on its PPP loan.
- When was Ramsey Ward Electric Co. founded?
- Ramsey Ward Electric Co. has been in business since 2004.